Skip to main content
Article thumbnail
Location of Repository

Axiomatization of ratio equilibria in public good economies

By Anne van den Nouweland, Stef Tijs and Myrna Holtz Wooders


Using consistency properties, we characterize the cost-sharing scheme arising from the ratio equilibrium concept for economies with public goods. The characterization turns out to be surprisingly simple and direct. In contrast to most axiomatic characterizations based on reduced games and consistency properties, our characterization requires that in the reduced game, the players take as given the proportions of the costs paid by the members of the complementary player set, rather than their utility levels

Topics: HB
Publisher: University of Warwick, Department of Economics
Year: 2001
OAI identifier:

Suggested articles


  1. (1988). A study of choice correspondences in economies with a variable number of agents. doi
  2. (1992). An axiomatic study of economies with many private and public goods.
  3. (1996). Axiomatic characterizations of the Walras solution for generalized economies. doi
  4. (1989). Cost share equilibria. doi
  5. (1985). Game theoretic analysis of a bankruptcy problem from the Talmud. doi
  6. (1919). Just taxation-a positive solution. In: Classics in the Theory of Public Finance
  7. (1986). On the reduced game property and its converse. doi
  8. (1996). The consistency principle for games in strategic form. doi
  9. (1990). The consistency principle. In: Game Theory and Applications doi
  10. (1954). The pure theory of public expenditures. doi
  11. (1977). The ratio equilibria and the core of the voting game G(N,w) in a public goods economy. doi
  12. (1977). The ratio equilibrium and a voting game in a public goods economy doi

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.